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Is the property market beginning to look up?
Nick Rooke of GW Finn reckons the economist John Maynard Keynes may have foreseen the way out of present problems – and that the signs of revival are already here.
"Keynes argued that in times of impending recession governments should spend money to stimulate their economies – and even spend money they don’t have! They should also urge the public to spend more.
"As our government seems to embrace this view we may soon know if Keynes was right. If he was, then we may also receive the answer to the question many house owners are anxiously asking: when will the property market turn for the better?
"It’s up to each and every one of us to keep moving. Either we regain confidence, start moving, and begin to see values stabilise and then lift, or we do nothing and watch them continue to fall, thereby adding to the £1.9 trillion we have collectively lost over the past 18 months.
"The signs this April are very clear. When the banks have once more started lending and are urging their customers to borrow – and this is happening – the market will move forward. But canny buyers already know this, which is why property is beginning to move now.
"The message is clear, sit this one out and the sitting could be costly. Get on and make the move into that dream home."